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GEICO is Terminating Insurance Coverage of Tesla Cybertrucks, Says “This Type of Vehicle Doesn't Meet Our Underwriting Guidelines” (www.torquenews.com)

submitted 1 month ago by shoulderoforion@fedia.io to c/technology@lemmy.world

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GEICO, the second-largest vehicle insurance underwriter in the US, has decided it will no longer cover Tesla Cybertrucks. The company is terminating current Cybertruck policies and says the truck “doesn’t meet our underwriting guidelines.”

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[–] scarabic@lemmy.world 1 points 1 month ago

I’m waiting for any kind of sourcing of this that’s more than “a guy on Twitter shared the text of his rejection letter.”

This letter does not clarify if, as a matter of policy, all cybertruck insurance will be categorically rejected.